Q2 GDP wrap-up, Turkish monetary easing incoming?

The raft of Q2 GDP figures out of Central and Eastern Europe highlighted that the region weathered the energy shock reasonably well but also that there’s a wide divergence in performances across the region. Poland remains a star performer and we expect this to continue. Elsewhere, although the Turkish central bank gave hints this week that it may resume monetary easing soon, it still looks like a period of weak domestic demand is needed to rebalance the economy.